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BAM GreenStar bonds are US municipal bonds sold to finance infrastructure that protects or restores the environment. The BAM GreenStar Assessment is an independent review of a bond issue’s purpose and includes ongoing surveillance and reporting on the construction status of the eligible project, so investors can have confidence that their funds are making a difference.

All BAM GreenStar bonds also carry Build America Mutual’s irrevocable guaranty to make timely payments of principal and interest. BAM is rated AA with a Stable outlook by S&P Global Ratings.

An initial BAM GreenStar evaluation is performed for every transaction submitted for insurance. Issuers whose projects are in the following areas can be eligible for the BAM GreenStar designation:

  • Renewable Energy
  • Energy Efficiency Upgrades
  • Pollution Prevention and Control
  • Environmentally Sustainable Management of Living Natural Resources and Land Use
  • Terrestrial and Aquatic Biodiversity Conservation
  • Clean Transportation
  • Sustainable Water and Wastewater Management
  • Climate Change Adaptation
  • Eco-efficient and/or Circular Economy Adapted Products, Production Technologies and Processes
  • Green Buildings

Every BAM GreenStar bond comes with a BAM Credit Profile that includes information on how the bond issue’s use of proceeds maps to global standards, including the International Capital Markets Association’s Green Bond Principles and the United Nations’ Sustainable Development Goals.

BAM GreenStar Resource Center

BAM GreenStar Standards are aligned with industry standards for Green Bonds

BAM is an Approved Verifier for Certified Climate Bonds

BAM is a registered observer of the International Capital Markets Association’s Green Bond Principles